Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Interest rate7.1% p.a.View source
The official catalogue lists the current rate.
- Source
- Public Provident Fund
- Page / section
- Government deposit schemes catalogue
- Accessed
- 21 Aug 2026
- Confidence
- high
Tax benefitInterest income exempt; Section 80C rebateView source
The official page lists tax-exempt interest and Section 80C rebate.
- Source
- Public Provident Fund
- Page / section
- Benefits
- Accessed
- 21 Aug 2026
- Confidence
- high
Tenure15 years, with extension facilityView source
The official rules provide a 15-year term and extension option.
- Source
- Public Provident Fund
- Page / section
- Most Important Terms and Conditions
- Accessed
- 21 Aug 2026
- Confidence
- high
PPF contribution limitsA PPF account requires at least ₹500 in a financial year and accepts up to ₹1.5 lakh per year in multiples of ₹50, as a lump sum or instalments. A discontinued account can be revived with ₹500 minimum deposit plus ₹50 for each defaulted year.View source
The official page publishes annual minimum, maximum, multiples and discontinued-account revival amounts.
- Source
- Public Provident Fund
- Page / section
- Features / Eligibility
- Accessed
- 23 Aug 2026
- Confidence
- high
PPF tenure and interestMaturity is 15 years, extendable for further five-year blocks any number of times. The page states current interest of 7.1% p.a., compounded annually, with monthly interest calculated on the minimum balance from the fifth through the last day of the month; the rate is declared by Government from time to time.View source
The official page publishes the term, extension and stated current interest method/rate, subject to Government revision.
- Source
- Public Provident Fund
- Page / section
- Eligibility — Maturity period / Interest Rate
- Accessed
- 23 Aug 2026
- Confidence
- high
PPF eligibilityAn individual adult may open one PPF account in their own name or as guardian for a minor or person of unsound mind. HUFs and NRIs cannot open a PPF account, and joint accounts are not permitted.View source
The official Eligibility and sections publish account-holder restrictions.
- Source
- Public Provident Fund
- Page / section
- Eligibility /
- Accessed
- 23 Aug 2026
- Confidence
- high
PPF loan and withdrawal rulesA loan of up to 25% of the balance at the end of the second year immediately preceding the application year may be requested after one year from the end of the initial subscription year and before five years from that year. Excess deposits above ₹1.5 lakh are refunded without interest and do not receive the tax rebate.View source
The official page publishes the loan timing/percentage and treatment of excess deposits.
- Source
- Public Provident Fund
- Page / section
- Other features / Loan facility
- Accessed
- 23 Aug 2026
- Confidence
- high
Senior-citizen rateNot applicable — PPF publishes one government-notified rate and does not provide a separate senior-citizen rate.View source
The official page gives one scheme rate and no senior-citizen rate uplift.
- Source
- Public Provident Fund
- Page / section
- Rate of interest / eligibility
- Accessed
- 29 Aug 2026
- Confidence
- high
Minimum annual deposit₹500 per financial year, with a maximum contribution of ₹1,50,000 per financial year.View source
The official page publishes the ₹500 minimum and ₹1.5 lakh annual maximum.
- Source
- Public Provident Fund
- Page / section
- Features / Minimum and maximum subscription
- Accessed
- 29 Aug 2026
- Confidence
- high
Premature withdrawalPartial withdrawal is available from the seventh financial year; eligible premature closure is restricted to specified grounds after five years and interest is reduced by 1% under the scheme rules.View source
The official terms state the seventh-year withdrawal window and one-percent reduction for permitted premature closure.
- Source
- Public Provident Fund
- Page / section
- Other features / withdrawal / premature closure
- Accessed
- 29 Aug 2026
- Confidence
- high
Maturity / extensionPPF matures after 15 years and may be continued with or without further contributions in five-year blocks; the maturity balance is paid to the subscriber or nominee under the scheme rules.View source
The official page publishes the 15-year maturity and five-year extension choices.
- Source
- Public Provident Fund
- Page / section
- Features / maturity and extension
- Accessed
- 29 Aug 2026
- Confidence
- high
Benefits and features
- Interest income exempt
- Section 80C rebate
Eligibility
- An individual adult may open one account in their own name or as guardian for a minor or person of unsound mind. and cannot open a account, and joint accounts are not permitted.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
Bank of Baroda government schemes and deposit product pagesofficial-product-pages · current · accessed 29 Aug 2026
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